I'm sure at least some of these companies are using the tariffs as cover for the price hikes they wanted to implement. Regardless, that tactic doesn't work without an administration to levy these tariffs. Also, it's sad that lawsuits have to be filed by companies and consumers alike in order to try to wrest some sense of value out of these affairs, but litigation appears to be the only language Trump’s White House understands.
I agree. Why is this burden falling on us? And the companies who raised prices from necessity or under the cover of tariffs? This seems like common sense: the person who spilled the milk, cleans up the milk. The 175 billion dollars should be divided amongst the people. That's it. No rich people should get refunds because they don't need them but for the rest of us, scale it, and send refunds to people who need money, really need it for groceries, diapers, rent, whatever. Trump is a greedy pig but that is our fn money. And he took it right out of our pockets, didn't he?
The more I learn about Costco, the more I'm glad I shop there. Not only are the prices USUALLY better, the employees are (99%) happy and leap to assist you...because they're paid a living wage and benefits.
What fiscal duties? I don't understand why these companies are listed by Judd, except to say they got ripped off too. I have no love for greedy companies but I don't buy from companies that do not make me see how they are, uh oh, immabout to say it: WOKE. That is, they understand and mitigate the burden of costs on their customers, and the environmental damage by their manufacturing and transport of goods. If you start there as a consumer, I doubt that crocs or Lululemon is on your wish list. We should not have to go through those companies to get a check from the government. We should all (wealthy people excepted) get a check from the U.S. Treasury.
God bless Costco. They are the only large commercial enterprise of which I am aware who treats both employees and customers with respect. Costco ignored the DEI crap altogether, and has always paid top salary and benefits to its employees. As for customers, I have found many items at Costco which are 50% the cost on Amazon.
I was a young auditor who once drew the short stick to do an inventory count observation at Costco (client of the firm) at midnight on a Saturday. Surprisingly, that was the best experience amongst all my clients. The employees were extremely friendly and they were good at their jobs. They also cooked a ton of food onsite and fed everyone, including me. Truly a world class company.
Should we get angry with these companies who have nickel and dimed their consumers when prices were raised on them? I think we are misplacing that anger. We are expected to swallow raised prices, tighten our belts and lower the thermostat, aren't we? Aren't we the consumers the punching bag for capitalists? For things we need, it is theft by industry, for things that we don't need, caveat emptor, am I right? The refunds should come not from the companies but from the government. We can go around with our hands out waiting for a Lululemon refiund or we can collectively petition the government to issue checks to all households with incomes at a certain limit. And for those with lower incomes, more money. For those with higher incomes, less money. For those over the income cap, no money.
Ask DHL too. They doubled the cost of a car part from the UK, including, in addition to the tariff, a $17 'processing fee' and another small charge of some gratuitous sort....all that on top of the shipping fee. Literally doubled the price of the item and forced me to stop using a very good and reliable supplier.
At the same time we see price hikes on gasoline due to limitations on Straits of Hormuz. We are self sufficient regarding oil in USA and we just boosted Venezuela. While a fifth of the world oil passes through the straits We really ought not be affected. Yet the prices rise. I think these prices are set as a windfall for big oil as payback for funding trumps campaign. No doubt trump himself is loaded down with oil stock
The price of folgers coffee went from $7 for a large container to $16 or so. Despite the court ruling they have not as yet reduced the price. I drink a fair amount of coffee and have been paying this tariff for a year plus. Time to pay up Kroger?
We will also be on the hook for interest as the administration drags out refunds. "By law, that money must also be returned with interest, which is accruing at a rate of about $650 million per month, according to recent court filings." NYTimes
Looks like while trump's lawyers are getting disbarred, the opposing lawyers are getting rich off of the lawsuits. While everybody is watching the AI bubble, they are missing the "billable hours bubble" that trump's frauds are creating. Now we know why he wanted free legal representation from the big law firms.
So according to the judge, companies that paid tarrifs are "entitled to benefit". The American people should be "entitled to benefit" before those companies. But in the regime we're living under, ruled by billionaires with their corporations, boards of directors, lawyers, and lobbyists, the tables have been turned.
Just to rub more salt into the wound - whatever $ that were collected in tariffs has already been spent in Trump’s glorious military actions in Venezuela, the Caribbean, Gaza, Iran and elsewhere. Fleets ain’t cheap. So all of those “refunds” come out of guess who’s pocket.
should be an easy fix to get the money back into the businesses/corps that paid in since it was handled digitally........as far as consumers getting anything?
I'm sure at least some of these companies are using the tariffs as cover for the price hikes they wanted to implement. Regardless, that tactic doesn't work without an administration to levy these tariffs. Also, it's sad that lawsuits have to be filed by companies and consumers alike in order to try to wrest some sense of value out of these affairs, but litigation appears to be the only language Trump’s White House understands.
Just as prices went up during the pandemic. And they never go down.
I agree. Why is this burden falling on us? And the companies who raised prices from necessity or under the cover of tariffs? This seems like common sense: the person who spilled the milk, cleans up the milk. The 175 billion dollars should be divided amongst the people. That's it. No rich people should get refunds because they don't need them but for the rest of us, scale it, and send refunds to people who need money, really need it for groceries, diapers, rent, whatever. Trump is a greedy pig but that is our fn money. And he took it right out of our pockets, didn't he?
How?
The more I learn about Costco, the more I'm glad I shop there. Not only are the prices USUALLY better, the employees are (99%) happy and leap to assist you...because they're paid a living wage and benefits.
Costco's CEO has highlighted the importance of taking care of the employees. (Here's one of many hits: https://www.huffpost.com/entry/lindsey-graham-costco-ceo-minimum-wage-debate_n_60385208c5b60d98bec8fc9d)
Great report and great list PI!!
Linseed is a very sick man.
Lists are powerful. Keep naming them - those who keep their promises and those who shirk their fiscal duties to their customers.
What fiscal duties? I don't understand why these companies are listed by Judd, except to say they got ripped off too. I have no love for greedy companies but I don't buy from companies that do not make me see how they are, uh oh, immabout to say it: WOKE. That is, they understand and mitigate the burden of costs on their customers, and the environmental damage by their manufacturing and transport of goods. If you start there as a consumer, I doubt that crocs or Lululemon is on your wish list. We should not have to go through those companies to get a check from the government. We should all (wealthy people excepted) get a check from the U.S. Treasury.
Y'all tired of winning yet?
So tired.
Indeed.
God bless Costco. They are the only large commercial enterprise of which I am aware who treats both employees and customers with respect. Costco ignored the DEI crap altogether, and has always paid top salary and benefits to its employees. As for customers, I have found many items at Costco which are 50% the cost on Amazon.
I was a young auditor who once drew the short stick to do an inventory count observation at Costco (client of the firm) at midnight on a Saturday. Surprisingly, that was the best experience amongst all my clients. The employees were extremely friendly and they were good at their jobs. They also cooked a ton of food onsite and fed everyone, including me. Truly a world class company.
What a wonderful story! Thanks for sharing it.
Should we get angry with these companies who have nickel and dimed their consumers when prices were raised on them? I think we are misplacing that anger. We are expected to swallow raised prices, tighten our belts and lower the thermostat, aren't we? Aren't we the consumers the punching bag for capitalists? For things we need, it is theft by industry, for things that we don't need, caveat emptor, am I right? The refunds should come not from the companies but from the government. We can go around with our hands out waiting for a Lululemon refiund or we can collectively petition the government to issue checks to all households with incomes at a certain limit. And for those with lower incomes, more money. For those with higher incomes, less money. For those over the income cap, no money.
I paid $62 in tariff charges to DHL for some light bulbs I purchased, maybe I should sue them to get it back
Ask DHL too. They doubled the cost of a car part from the UK, including, in addition to the tariff, a $17 'processing fee' and another small charge of some gratuitous sort....all that on top of the shipping fee. Literally doubled the price of the item and forced me to stop using a very good and reliable supplier.
At the same time we see price hikes on gasoline due to limitations on Straits of Hormuz. We are self sufficient regarding oil in USA and we just boosted Venezuela. While a fifth of the world oil passes through the straits We really ought not be affected. Yet the prices rise. I think these prices are set as a windfall for big oil as payback for funding trumps campaign. No doubt trump himself is loaded down with oil stock
The price of folgers coffee went from $7 for a large container to $16 or so. Despite the court ruling they have not as yet reduced the price. I drink a fair amount of coffee and have been paying this tariff for a year plus. Time to pay up Kroger?
We will also be on the hook for interest as the administration drags out refunds. "By law, that money must also be returned with interest, which is accruing at a rate of about $650 million per month, according to recent court filings." NYTimes
Looks like while trump's lawyers are getting disbarred, the opposing lawyers are getting rich off of the lawsuits. While everybody is watching the AI bubble, they are missing the "billable hours bubble" that trump's frauds are creating. Now we know why he wanted free legal representation from the big law firms.
So according to the judge, companies that paid tarrifs are "entitled to benefit". The American people should be "entitled to benefit" before those companies. But in the regime we're living under, ruled by billionaires with their corporations, boards of directors, lawyers, and lobbyists, the tables have been turned.
Just to rub more salt into the wound - whatever $ that were collected in tariffs has already been spent in Trump’s glorious military actions in Venezuela, the Caribbean, Gaza, Iran and elsewhere. Fleets ain’t cheap. So all of those “refunds” come out of guess who’s pocket.
Tariffs so nice we get to pay twice.
How does a company go about tracking individual sales and issuing refunds??? That seems like a herculean task.
I’m not saying it shouldn’t be done, but what is the extra cost? What does it cost to give me a $4 refund on my yoga pants?
should be an easy fix to get the money back into the businesses/corps that paid in since it was handled digitally........as far as consumers getting anything?
Fuhgeddaboudit